The GEPF continues positive growth

The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2022. Key Performance Indicators: · o o Market value of R2.3 trillion increasing by R 201 billion from the previous financial year o Investment market value increased by 9.6% o Return on Investment of 11.1% for the financial year o Accumulated funds and reserves grew at an average annual rate of 8.6% for the 10-year period 2013-2022 o Net investment income of R255.7 billion o Member contributions of R82 billion o Benefits paid of R136 billion Despite the Fund operating in tough economic conditions, the GEPF achieved a 9.6% year on year growth, closing with the highest market value in its history of R2.3 trillion in the 2021/22 financial year, an increase of R 201 billion from the previous financial year. This increase resulted in a return on investment of 11.1% realising a net investment income of R255.7 billion. During the 10-year period, 2013-2022, the GEPF’s accumulated funds and reserves grew at an average annual rate of 8.60%. This continued growth of the Fund irrespective of the prevailing difficult economic conditions clearly indicates that the Fund’s long-term investment strategies continue to assist in growing the Fund. The improved return was largely because of positive domestic market conditions, particularly equities growth, rising commodity prices and the performance of our Bond portfolio which improved by 6% from the previous financial year.